Republicans in Congress appear to have reached agreement on several crucial points about tax reform. First, it should add to the budget deficit. Second, it should contain countless gimmicks to disguise its true fiscal impact. And third, it should make an insanely complicated tax code even more so. As both houses moved closer last week to passing a comprehensive new ...

In India, you don’t really exist till you’re on the right WhatsApp groups. It’s on those private chat rooms that political campaigns are sharpest; where India’s sprawling extended families quarrel and make decisions; and, according to a recent Reuters investigation, where company quarterly results are predicted with surprising prescience. There’s no proof of insider trading yet, but officials from the ...

As the US Justice Department tries to block AT&T Inc.’s $109 billion purchase of media giant Time Warner Inc., Time Warner seems to be bearing the brunt of investors’ apprehension. But if regulators get their way, it’s AT&T they should be more worried about. The DOJ on Monday sued to block the wireless carrier’s takeover of Time Warner, saying it ...